Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.021%

Price spread now: Reya against Gate−0.143%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.143% cheaper against Gate than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DOGE_USDT	0.1008	0.0088	pay 0.0088% / 8h	1h 37m	$242.4M	$122.5M	75x
Short	Reya DOGERUSDPERP	0.1007	0.0176	get 0.0022% / 1h	37m 35s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee ReyabpOrdersPrice spread, now −0.143%Rate

Funding earned: $18.48
Price spread: −0.143% → 0.000%: −$14.35
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$16.87
Costs to cover: 0.210%
Break-even: 13.4 days

Slippage unknown: Gate: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 1 min ago	0.49 bp	10.1 bp −$10	20.4 bp −$204	30.5 bp −$3,047	53.1 bp −$26.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DOGEUSDT	−0.0270%	8h	0.1007	−0.169%	$154.0M	$264.6M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1014	+0.504%	$429K	$4.6M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1013	+0.408%	$613K	$105K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1015	+0.626%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1009	+0.076%	$227K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1017	+0.822%	$16K	$222K	10x	as long as short
Gate DOGE_USDTlong	+0.0088%	8h	0.1008	long leg	$242.4M	$122.5M	75x
Lighter DOGE	+0.0096%	1h	0.1009	+0.091%	$789K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1009	+0.010%	$2K	$362K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1007	−0.104%	$706K	$782K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1010	+0.104%	$5.2M	$42.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1009	+0.099%	$338K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1008	−0.058%	$324.4M	$1.30B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	−0.099%	$163.2M	$411.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	−0.059%	$109.9M	$926.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1010	+0.119%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+0.864%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1009	+0.030%	$112.0M	$215.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1009	+0.079%	$65.9M	$39.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1009	+0.010%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1017	+0.856%	$954K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1016	+0.700%	$278K	$114.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1014	+0.564%	$645K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+0.545%	$149K	$241K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1007	−0.139%	$272K	$535K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1015	+0.615%	$74K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1015	+0.601%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1014	+0.511%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1013	+0.416%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1012	+0.328%	$6.1M	$49.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1012	+0.357%	$93.8M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1008	−0.007%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1009	+0.028%	$562K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1012	+0.380%	$19K	—	3x	as long as short
Reya DOGERUSDPERPshort	+0.0176%	1h	0.1007	−0.143%	$2K	—	20x
01 Exchange DOGEUSD	+0.0192%	1h	0.1009	+0.070%	$533	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1013	+0.466%	$2.1M	$23.5M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1013	+0.416%	$15.2M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1015	+0.629%	$318K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0360%	1h	0.1012	+0.373%	$6.0M	$32.3M	50x	as long as short
Hyperliquid DOGE	+0.0419%	1h	0.1009	+0.010%	$111.3M	$81.9M	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0437%	1h	0.1013	+0.397%	$542K	$940K	15x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1009	+0.099%	$316K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1022	+1.339%	$5K	$207K	12x	as long as short